The ‘Restitution Order’ and ‘Consent Order of Forfeiture’ were jointly signed by the judge, the Acting U.S. Attorney in the Eastern District of Virginia, Raj Parekh, Mr Okeke, and his defence lawyer, John Iweanoge.
Ms Smith, the U.S. judge, ordered that “restitution is due in full and payable immediately from assets known and unknown and including assets identified in the Presentence Report.”Part of the funds will also be recovered from identified assets ordered to be forfeited by Mr Okeke, a Forbes celebrated young Nigerian entrepreneur.The other forfeited assets are ”two cars back home in Nigeria”, and N280,555,010 translating into about $700,000 which the Nigerian government had seized from him.
The restitution order read in part: “If restitution is not paid in full immediately, the defendant shall pay to the Clerk at least $1,000 per month or 25 per cent of net income, whichever is greater, beginning 60 days after release from any period of confinement, or 60 days after sentencing if no confinement is imposed.
The court ordered that the Clerk of Court “shall distribute the funds to Unatrac first and to the remaining victims on a pro-rata basis.”U.S. authorities said Mr Okeke and his conspirators who remained at large, through “subterfuge and impersonation” engaged in a multi-year global business email and computer hacking scheme” that caused $11 million in losses to his victims.
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